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Venmo just put crypto access in the palm of everyone’s hand! Have anyone tried it?

Venmo just put crypto access in the palm of everyone’s hand! Have anyone tried it?



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  1. tldr; PayPal-owned Venmo is adding crypto support for its 70 million customers. Venmo will offer in-app guides and videos to help answer commonly asked questions and share information about the world of crypto. More than 30% of Venmo customers have already started purchasing cryptocurrency or equities, Venmo said.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. I won’t be using it but adoption is adoption, and Venmo is considered legit and used by many. Overall, it will allow a lot of new people easy entry into the crypto space. Kudos, says I

  3. I have been doing some shopping for my parents during the pandemic. Just grabbing them a few things they need every week. My mom pays me back on CashApp. I started turning this reimbursement into BTC a few months ago.

    So while these entry points may be scoffed at by OG crypto buyers, it’s a simple way to start.

    I also sent my kids a few bucks in BTC this way, which caused them to start buying bits (this was my evil plan).

    We all start somewhere

  4. I might be the only one in the sub, but I would absolutely use this. I always have money sitting in Venmo and it might as well be converted to BTC or ETH while sitting in Venmo till I have to pay a friend. I know the rates and fees aren’t great and “not your keys, not your coins” but the money was already sitting there doing nothing.

  5. I may look into it but I’m happy where I’m currently at. The fact that crypto is on a major platform like Venmo is huge for adoption purposes though and only further legitimizes cryptocurrencies.

  6. Good for adoption for simple peer to peer payments and limited buying, terrible if you ever want to do anything else.

    PayPal, venmo, robinhood shouldn’t be seen as investing platforms for crypto unless they they build in the functionality of everything going on in the space which won’t happen anytime soon.

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